The United Arab Emirates (UAE) is fast becoming a major industrial location for the Middle East and the world. Hamriyah Free Zone, in the Emirate of Sharjah, is today regarded a cornerstone of this area of development.
Hamriyah Free Zone has been a success story ever since its establishment by an Emiri decree 10 years ago. Located on the Arabian Gulf coast, the zone offers a unique geographic advantage: Sharjah is the only Emirate with seaports on both UAE’s east and west coasts – Port Khalid and Port Khor Fakkan. Sharjah is also in close proximity to the Indian subcontinent and east Africa and half way between Europe and the Far East.
The zone has room to accommodate a wide host of businesses, with approximately 15m square metres of prime industrial and commercial land and a 14-metre deep water port. The port offers dedicated berths for petrochemical/LPG shipments, bulk handling as well as two general cargo berths and two container terminals – and it is poised to expand given the vast amount of commerce coming in and out of the region. In addition, the zone has inner harbour with a five-to-seven metre draft, thereby making it an ideal location for ship repairing, dry docking, ship building and various other marine services.
An additional asset for the zone is its easy access to three seaports and Sharjah International Airport, the largest air cargo hub in the UAE. The location also offers a highly developed infrastructure and telecommunications links, abundant and inexpensive energy, an available and inexpensive workforce, and a favourable cost of living.
All these facts underscore the importance of Hamriyah Free Zone to the development strategy of Sharjah. As a Next Generation Free Zone, it is investor-oriented and its management is flexible and dynamic.
Key incentives and advantages
To attract business and grow opportunities, Hamriyah Free Zone provides competitive incentives and unique openings for investors to establish a business there. Among its standard incentives are:
- 100% import and export tax exemption;
- 100% foreign company ownership;
- 100% exemption from all commercial levies;
- 100% repatriation of capital and profits.
Hamriyah Free Zone provides 25-year land lease terms, renewable to a similar period. It offers an array of industrial plots ranging from 2500 square metres and up. These plots can be developed by investors to suit their exact requirements. The zone also offers pre-built warehouses, factories and office units for lease. Pre-built facilities of 276 square metres, 416 square metres, and 614 square metres in size are available.
In addition, the zone’s International Business Centre offers over 100 office suites for lease. Space is flexible and ranges from 15 to 42 square metres and comes with state-of-the-art communications facilities, including conferencing and internet services.
he zone even offers on-site housing facilities for workers needing accommodation. Amenities include a canteen serving international cuisine and a top-notch recreation centre and health club.
Free zone benefits
Companies that locate within the zone enjoy customs privileges on goods for the zone. The procedure for obtaining a license application is quick and simple. The zone also provides recruitment and sponsorship of personnel and procurement of visas. There are no requirements or quotas for personnel recruitment. Plus, the zone is able to help firms obtain secretarial services, vehicle registration services, driving licenses and more.
Hamriyah Free Zone is ISO certified, and procedures for setting up a company there are easy and well streamlined. It a license within 24 hours of submitting all requisite documents.
If your business is looking for quality, efficient facilities and services, reliability and cost effective solutions, your choice should be the Hamriyah Free Zone, Sharjah. The opportunities are endless.